Regional markets expected to be affected by the upcoming holiday season
Source: Matrix PR for Al Masah Capital , Author: Posted by BI-ME staff
Posted: Mon June 11, 2018 1:17 pm

UAE. Regional markets expected to be affected by the upcoming holiday season resulting in a subdued trading activity

International markets ended last week’s trading on a mixed note with trade tensions and the G7 meeting in Canada being the main focus for investors.

Oil prices fell on the last day of the week, but on a weekly basis the black gold was traded around the same levels - Brent crude ended the week at USD 76.46 per barrel, while WTI crude at USD65.74 per barrel.

On the regional front, most of the indices ended the week on a positive note except for Egypt, Bahrain and Oman. Dubai was the best performing index among its peers ending the week up by 2.6%, followed by Saudi Arabia with gains of 2.2%, followed by Abu Dhabi and Kuwait with a positive performance of 1.2% and 0.4%, respectively.

Egypt came in as the worst performer among its peers with weekly losses of 3.0%. Bahrain and Oman continued their negative trend with losses of 0.2% each for the week, extending their YTD losses to -5.1% and -9.9%, respectively.

The coming period will be affected by the upcoming holiday season which would translate in a subdued trading activity for the regional markets.

Indexes

Last

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

3,041.72

2.62%

2.62%

-9.74%

Abu Dhabi (ADSMI)

4,662.58

1.25%

1.25%

6.01%

Saudi (SASEIDX)

8,344.39

2.25%

2.25%

15.47%

Kuwait (KWSE)

4,837.41

0.43%

0.43%

3.25%

Egypt (EGX30)

15,923.66

-2.99%

-2.99%

6.02%

Bahrain (BHSEIDX)

1,263.79

-0.16%

-0.16%

-5.10%

Oman (MSM30)

4,596.51

-0.22%

-0.22%

-9.86%

TR GCC (Reuters)

199.08

2.48%

2.48%

4.20%

TR MENA

138.63

2.28%

2.26%

4.52%

 

 

 

 

 

 

 

 

 

 

Commodities & FX

Last

WTD (%)

MTD (%)

YTD (%)

Oil (Brent)

76.46

-0.43%

-1.46%

14.34%

Natural Gas

2.89

-2.43%

-2.10%

-2.13%

Gold

1298.00

0.41%

0.01%

-0.34%

Silver

16.74

2.35%

2.36%

-1.24%

EURUSD

1.18

0.91%

0.65%

-1.92%

GBPUSD

1.34

0.47%

0.84%

-0.75%

USDJPY

109.53

0.00%

0.66%

-2.79%

USDCHF

0.99

-0.30%

-0.07%

1.10%

AUDUSD

0.76

0.44%

0.42%

-2.59%

USDCAD

1.29

-0.18%

-0.25%

2.76%

 

 

 

 

 

 

 

 

 

About Al Masah Capital

Al Masah Capital is one of the fastest growing alternative asset management and advisory firms focused on the MENA and SEA regions. Established in 2010 Al Masah Capital provides tailored solutions to a broad investor base, offering private equity advisory (across Healthcare, Education, Food & Beverages, Logistics and other consumer driven sectors), asset management, corporate and real estate advisory as well as public market research services.

With operations in Dubai, Abu Dhabi and Singapore, Al Masah advises qualifying investors on growth opportunities in 13 focus markets in MENA and South East Asia.

 

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